Brazil's consumer prices forecast to have risen faster in Sept - Reuters poll
© Reuters. FILE PHOTO: A man pays a vendor at a fruit stand, at a supply centre in Brasilia, Brazil May 9, 2023. REUTERS/Adriano Machado/File Photo - Brazil's consumer prices likely rose faster in September, led by hikes in gasoline costs that should have brought annual inflation to the highest rate in seven months, a Reuters poll of economists showed.
"Prices of industrial goods remained relatively low and services continued at acceptable levels ... the headline figure was probably pushed by gasoline costs," said Yan Barros, an economist at Ace Capital. "Inflation should have peaked in September and could resume a declining trend thereafter," Sicredi analysts wrote in a report."If the impact of El Niño is confirmed, it will be felt in 2024".
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